Standard Chartered Bank Home Suite

Best Home Loans to buy your dream home

T&C Apply

  • Flexible repayment periods up to 25 years
  • Processing fees as low as 1%
  • Profit rates starting at 2.75% per year

Get Home & Mortgage loan at Lowest Interest Rate

next-icon
  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
  • Other

Standard Chartered Bank had its first branch in the United Arab Emirates in Sharjah. Since its introduction to the UAE market in 1958, Standard Chartered Bank has expanded rapidly throughout the country. Today, Standard Chartered Bank employs more than 80,000 people. In Dubai, it has regional offices covering both the Middle East and Africa. The bank has a distinct Islamic banking division. The Standard Chartered Saadiq is the name of this wing. 

It has also expanded to the international market in the last few decades and has become a dependable name. The bank is listed on various prestigious stock exchanges throughout the globe. Bombay, Hong Kong, New York and London stock exchanges are some of the most prominent names.

Standard Chartered is renowned for providing a wide range of financial services in addition to numerous programs that aid common people in achieving their objectives. For instance, you would adore moving into your apartment in Sharjah or Dubai. It could be a little challenging for you to organize all the funds at once. To assist consumers in achieving their objectives, Standard Chartered Bank has launched several home loans in UAE. You must secure one of these loans to finance your dream house. But why loan? Simply because the valuation of a property keeps surging with time. What you can avail of today at a low price would be doubled in the next few years. Therefore, it is wise to take advantage of the best mortgage loan in the UAE and move into your apartment without delay.  

Features & Benefits of Standard Chartered Bank Home Suite Loan in UAE

The home suite loan, which has a full range of amenities, is one of the attractive financing types that provide extra advantages to people who want to purchase their dream home. The following are some essential facts regarding the Standard Chartered Bank Home Suite loan.

  • A reduced rate of interest that starts from 2.22% per year
  • There is no processing fee related to home suite loan
  • You can avail of the services via mobile banking and net banking
  • The transfer of balance is simple and hassle-free
  • You can apply for and get up to AED 18 million through the Standard Chartered Bank Home Suite loan

The loan comes with various other perks that can make your life a lot easier. Now, you can apply for the home suite loan from the comfort of your home. Simply upload the required documents after ensuring that you are eligible. Find the relevant information on eligibility criteria and required documents in the next segments. 

Interest Rates for Standard Chartered Bank Home Suite Loan

Name of Loan

Maximum amount paid

Maximum tenure of repayment

Rate of interest

Standard Chartered Bank Home Suite Loan

AED 18 million

25 years

2.22% per annum

Documents Required to Avail Standard Chartered Bank Home Suite Loan in UAE

For UAE Nationals For Non-UAE Expatriates
  • Original Emirates ID and a copy of the document
  • Your original visa and passport, as well as photocopies of both
  • Proof of employment (appointment letter)
  • Salary slip for those who are salaried
  • Self-employed people must have a current trade license and an audit report from the previous two years
  • All paperwork pertaining to the property you want to purchase including the title of the deed, site plan, and map
  • Verification of a UAE residency visa
  • Original and replica passports
  • Most recent pay slips or paycheck slips
  • For self-employed people, audit reports and a trade license are necessary

Eligibility Criteria for Standard Chartered Bank Home Suite Loan

Below is a detailed summary of the requirements for ex-pats and UAE citizens to be eligible for a Standard Chartered Bank Home Suite loan.

For UAE Nationals For Non-UAE Expatriates 
  • To submit the application, you should be 21 years of age or older.
  • During the loan's maturity period, you must be younger than 70
  • Your required minimum monthly income should be AED 15,000
  • To submit the application, you should be 21 years of age or older
  • If you are self-employed, your age during the loan's maturity period must be at least 70
  • If you are employed by a company and get a salary, you must be younger than 65 when the loan matures
  • Your required minimum monthly income should be AED 15,000.

Buy your dream home through Home Loan @ lowest Rate in uae

How to Apply for Standard Chartered Bank Home Suite Loan

Via Policybazaar.ae

  • Click "Home Loans" on Policybazaar.ae 
  • To submit a lead, please do so using the form on the right
  • You will be directed to the page with the home loans estimates after submitting the form
  • Evaluate your options and choose the Home Suite Loan 
  • Complete the application and review the information you supplied
  • Send the form and the required attachments
  • A bank representative will contact you once the loan application has been processed to provide you with additional guidance

Via Standard Chartered Bank website

  • Visit the Standard Chartered Bank of the UAE website at https://www.sc.com/ae/ 
  • Select the Home Suite Loan from the various loan options.
  • After choosing the loan type, click "Apply now."
  • Enter your name and contact information, including a functioning email address and click "Go."
  • After that, carefully fill in the remaining fields, which include your birthdate, profession, monthly income, gender, where you live and your contact information.
  • You must now choose how much you want to borrow from the bank through the Home Suite loan
  • Choose "Proceed."

Standard Chartered Bank Home Suite Loan Calculator

Standard Chartered Bank provides you with an online interest calculating tool. You can simply visit the official website of the bank to calculate the finances. However, you will be required to specify some basic details. These are

  1. Indicate the loan amount you're looking for
  2. Mention the duration of the repayment
  3. Select the annual interest rate to be paid

Terms and Conditions of Standard Chartered Bank Home Suite Loan

The Standard Chartered Home Loan is subject to the following terms and conditions:

  • Only UAE citizens (either UAE residents or UAE expatriates) are eligible for the home financing packages
  • The decision to approve financing and the home rate will be entirely at the bank's discretion
  • Please note that the numbers from the calculator are only being used as examples. In most cases, the finance amount is set at 75% of the property's value
  • The rate of interest and other details may be modified while being approved
  • The fixed rate is determined using the selected fixed-term duration and the necessary criteria.

Top Reasons To Choose Standard Chartered Bank Home Suite Loan

Standard Chartered Bank holds the reputation of being one of the most versatile banking service providers in the UAE. Exposure to the international market enables Standard Chartered to create a world of finances at par with global standards. However, as a UAE citizen, you can also enjoy the seamless benefits of Islamic banking. You can find the most favorable loan services ruled out by the bank to support your dream. If you are looking forward to buying a flat in the UAE, it is always wise to visit the ongoing Standard Chartered home loans.

If you wish to avail the benefits of the Standard Chartered Bank Home Suite loan, you can visit the UAE site for Policy Bazaar as well. It will save a lot of work for you with a seamless and simple process of application. 

FAQs

What is the annual rate of interest for the Standard Chartered Home Suite Loan?

As of now, it is 2.22% per year. You can always visit the official website of Standard Chartered Bank for the latest rates of interest.

What is the maximum amount I can apply for through the Standard Chartered Bank Home Suite loan?

You can apply for and avail of up to AED 18 million. However, approval of the loan depends on various factors such as your monthly income, type of job, credit score and age

I am 60 years old and self-employed. Can I apply for the Standard Chartered Home suite loan?

As per the eligibility criteria, whether you are a UAE resident or an ex-pat, you have to be below 70 by the time the loan matures. Therefore, you have to apply for a loan amount that you can repay within 10 years.

What is the processing fee of the Standard Chartered Bank Home Suite loan?

There is absolutely no cost associated with Standard Chartered Bank Home Suite loan processing. This is a completely free-of-cost service.

Reviews & Ratings

4.6 / 5 (based on   18,147 +google icon reviews)

More From Home Loans